Monday, July 24, 2017

Our secretary of interest payments has inverted the yield curve

At the short end.  3 month treasuries yield 1.16%, six month only 1.12%.

The secretary plans to exchange all the short term credit for long term bonds when the debt limit passes.  The ten year yield will pop and housing takes a downturn.  Until that moment he is stuffing debt wherever he can get the lowest rates.

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